Mistral AI raises 3B euros in Europe's largest tech funding round

mistral ai raised 3 billion euros in its series d round, europe's largest-ever tech funding round. the company's valuation is now 21 billion euros, up from 12 billion euros in september 2025 when asml invested 1.3 billion euros. mistral's models, such as mistral medium 3.5, are not top performers, lagging behind chinese competitors like qwen and kimi. the company focuses on enterprise clients, operating in 20 countries and serving over 125 companies, including airbus, asml, and hsbc.